Current:Home > StocksFBI raids New York City apartment of Polymarket CEO Shayne Coplan, reports say -Thrive Success Strategies
FBI raids New York City apartment of Polymarket CEO Shayne Coplan, reports say
View
Date:2025-04-13 17:47:25
Federal law enforcement agents on Wednesday raided the New York City apartment of Shayne Coplan, the founder and CEO of Polymarket, the company confirmed to Reuters.
Federal Bureau of Investigation agents seized Coplan's phone and electronics, according to Reuters. Agents raided the home about 6 a.m., and Coplan was at home during the raid.
Polymarket declined to comment on the allegations, but a spokesperson told Reuters the raid was "obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election."
Polymarket, a betting platform that uses cryptocurrency, gained popularity in the months preceding the 2024 election for offering presidential prediction markets.
On Thursday, an FBI spokesperson told USA TODAY the agency could not confirm or comment on the raid.
Polymarket: Coplan not arrested, not in custody
The company told Reuters Coplan was not arrested and was not taken into custody.
USA TODAY has reached out to Polymarket.
Last bets on Trump or Harris?Where the election odds, polls stood when America voted
What is Polymarket?
Polymarket is an online betting market that garnered popularity in the run-up to the election because it offered odds on who would win the presidency.
According to the company's online profile, it is "the world’s largest prediction market" allowing people to profit from their knowledge "by betting on future events across various topics."
Who is Shayne Coplan?
Shayne Coplan is the 26-year-old founder and CEO of Polymarket.
He lives in Manhattan.
This is a developing story.
Contributing: Reuters and Jim Sergent
Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at [email protected] and follow her on X @nataliealund.
veryGood! (82664)
Related
- New data highlights 'achievement gap' for students in the US
- Biden fundraiser in NYC with Obama, Clinton nets a whopping $25M, campaign says. It’s a new record
- Usher has got it bad for Dave's Hot Chicken. He joins Drake as newest celebrity investor
- One question both Republican job applicants and potential Trump jurors must answer
- Stamford Road collision sends motorcyclist flying; driver arrested
- Who Are Abby and Brittany Hensel? Catch Up With the Conjoined Twins and Former Reality Stars
- Iowa's Patrick McCaffery, son of Hawkeyes coach Fran McCaffery, enters transfer portal
- Trump backers try again to recall Wisconsin GOP Assembly speaker as first effort stalls
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- What caused the Dali to slam into Baltimore's Francis Scott Key Bridge? What we know about what led up to the collapse
Ranking
- Don't let hackers fool you with a 'scam
- Barges are bringing cranes to Baltimore to help remove bridge wreckage and open shipping route
- An Oil Company Executive Said the Energy Transition Has Failed. What’s Really Happening?
- 2024 NFL mock draft: Four QBs go in top four picks thanks to projected trade
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Winning ticket for massive Mega Millions jackpot sold at Neptune Township, New Jersey liquor store
- Horoscopes Today, March 26, 2024
- March Madness games today: Everything to know about NCAA Tournament's Sweet 16 schedule
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Insurers could face losses of up to $4 billion after Baltimore bridge tragedy
Who Are Abby and Brittany Hensel? Catch Up With the Conjoined Twins and Former Reality Stars
Clark invited to play with US national team during training camp at Final Four
Senate begins final push to expand Social Security benefits for millions of people
Latest class-action lawsuit facing NCAA could lead to over $900 million in new damages
Is our love affair with Huy Fong cooling? Sriracha lovers say the sauce has lost its heat
Home Depot acquires SRS Distribution in $18 billion purchase to attract more pro customers